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they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that could set in if he took bold, monetary measures. >> he was able to end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him credit for helping to stabilize the financial system. japan did not experience a financial crisis despite the collapse of lehman brothers and the earthquake two years ago. here are the latest market figures. >>> people across iraq are looking back on a war that took away one problem and replaced it with many others ten years ago on march 20th, u.s.-led forces invaded their coun
they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that...
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compare the so-called palestinians economy with other economies around the world but there is no econ. to me in palestine they say for example that the economic structure of palestinian of the economy the structure of the palestinian economy has drastically deteriorated since one thousand nine hundred ninety four i'll keep in mind the year nineteen ninety four that's when the so-called peace process began the oslo accord was signed in september one thousand nine hundred ninety three so from the very beginning the very inception you might say the first day of the peace process until today the world bank says the manufacturing sector of the palestinian economy has drastically deteriorated the agricultural sector has drastically deteriorated so what has improved will they say the public sector has improved what is the public sector the public sector simply handouts from the international community and the public sector in this past year the biggest growth was in security that is to say the palestinian authority hired more torturers this year than any year in the past that's the palestini
compare the so-called palestinians economy with other economies around the world but there is no econ. to me in palestine they say for example that the economic structure of palestinian of the economy the structure of the palestinian economy has drastically deteriorated since one thousand nine hundred ninety four i'll keep in mind the year nineteen ninety four that's when the so-called peace process began the oslo accord was signed in september one thousand nine hundred ninety three so from the...
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ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a healthy economy to create jobs and get people back on their feet again and that's exactly why we are proposing and passing this budget. i yield back the balance of my time. the chair: all time has expired. the chair: the gentleman from texas, mr. brady and the gentlewoman from new york, mrs. maloney, will each control 30 minutes on the subject of economic goals and policy. the chair recognizes the gentleman from texas. mr. brady: thank you, mr. speaker, during the annual debate -- i yield myself such time as i may c
ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a...
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economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive intervention of the banks. that's the risk, unless they find a solution and unless they exempt the small savers from this levy, that you may get social disorder and political disorder. >> let's bring it here to the u.s. and u.s. stock market. we've had a nice market rally. could this situation disrupt the market rally here and for american investors, is this a time, an opportunity to get in, or is there more turmoil ahead? what do you think? >> so far we've shrugged off this element for three reasons. one is the european
economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive...
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economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think is only about i think. you can put your bumpers way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to bear stearns and he's been marauding his way through the too big to fail becoming even bigger to bigger to fail even less bigger big big in eric holder and shaking interest desk it's disgusting we're going to move on to this next headline because it talks exactly about that how too big to jail has become and his influence over the political class leaman creditors can question london whale says judge a bankruptcy judge gave creditors of lehman brothers the green light to subpoena former j.p. morgan trader bruno extolled the so-called london whale in an eight point six billion dol
economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think is only about i think. you can put your bumpers way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to bear stearns and he's been marauding his way through the too big to fail...
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what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to. they jack up prices to get world attention and also because maybe they will have to as the region becomes destablized with iraq and iran involved. so at the end of the day i think you're going to see, your segment with boone pickens was so right on the money, we have to find alternative. if there is any message not only to get involved, i pray that the obama administration realizes we need a no-fly zone. we need to arm the rebels about. this is not exact science what to do there. we need to take sides. the darwin one evolution what is happening i
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to....
SFGTV2: San Francisco Government Television
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new ice based economy one of innovation, culture - and education. innovation along with it's partner collaboration are being reflected in the explosive growth of the tech sector for each i couldn't engineer hired by pandora or twitter a multiplier effect occurs with job openings create for eliminate oh, mow drivers bare resist at a asks and yoga instructor and is personal finances gore g u r u's and so as we have seen as multimillion dollar facilities being created on both sith of the bay and parts of the rising sports culture tour which we have an abundance of in pot of our cities education is being manifested by the strong and growing influence of our public and private universities in tandem with our expanding healthcare sector. in oakland in 2013, oakland will have three major projects under way for over $2.2 billion surpassing san franciscotion current healthcare construction. we will get this keep it moving here ... it's a little the technology that we are talking about ... there we go. okay. office space previously used by the shining fire se
new ice based economy one of innovation, culture - and education. innovation along with it's partner collaboration are being reflected in the explosive growth of the tech sector for each i couldn't engineer hired by pandora or twitter a multiplier effect occurs with job openings create for eliminate oh, mow drivers bare resist at a asks and yoga instructor and is personal finances gore g u r u's and so as we have seen as multimillion dollar facilities being created on both sith of the bay and...
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street are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job properly until intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who's the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting out food stamps and taking a cut on the breadline busy to vertically integrated fraudster. i don't work there colder on this he says he can't go after him because he's hiding under his desk right and he said they jamie might not get me a christmas card with your but i think that says everything the fact that we have institutions that control and are treated differently and we bedded that in by calling these companies different they are systemically important right the other seven thousand banks to try and earn an honest living in this country they're not important but who
street are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job properly until intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who's the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting out food stamps and...
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way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this conversation all the time. people talking about, let's have more job. why aren't people hiring? because we don't have the demand, and we've got to create a society that looks at growing the pie, making the pie bigger, getting gdp up to 3-1/2 to 4%, and letting everybody benefit from the growth. that what we're after. >> neil: you were back running ge and you vastly expanded that empire -- you would not be inclined to expand plant equipment, maybe if you had a cash to work with you would you do the stuff apple is doing, the kind of stuff comca
way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this...
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as i said earlier, i firmly believe that this is going to hurt the economy, an economy that is struggling to really get a foothold and showing signs of life. absolutely the worst time to set one of these fiscal time bombs. >> i would like to react to that. and maybe i will. i just want to read this from the marines. saying this exercise, for example, was planned well in advance, had nothing to do with the budget cuts. this is from the marines. there were no corners cut, and if they couldn't afford to have all the safety precautions into place, they wouldn't do the exercise, okay? and this was reported by nbc's jim miklaszewski. this is insanity. to have marines having make that kind of statement. and this damages national security and mar morale, too. >> it does and not even overplaying the hand, just a gross indecency. back to jerryd's point on the sequester, where does the $44 billion in cash come from, larry? it comes from we the people, either through taxing, borrowing, printing of money, which is another form of taxation. it's not from heaven that it's being done -- >> i think budget
as i said earlier, i firmly believe that this is going to hurt the economy, an economy that is struggling to really get a foothold and showing signs of life. absolutely the worst time to set one of these fiscal time bombs. >> i would like to react to that. and maybe i will. i just want to read this from the marines. saying this exercise, for example, was planned well in advance, had nothing to do with the budget cuts. this is from the marines. there were no corners cut, and if they...
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that relationship defines the shape of the global economy. is the largest trade investment partner for almost all other countries in the global economy, that speaks of the power and potential. anhave been very happy from irish perspective to see the high level report produced between the eu and the u.s. in terms of potential. i spoke to the president after his reelection. he addressed the matter in his state of the union address and last week, the european council gave a very positive endorsement to giving this presidency to thesure -- trigger negotiations, which can hopefully take place. there is a 90-day process to go through from the u.s. administration point of view. the relationship has enormous potential. currently, 15 million jobs depend on the the trade. think of the potential for all the millions of people on either side of the atlantic in terms of the potential for job creation if this were to become a reality, which i expect it will. long-term evidence would show the flow of trade and investment helps spread new ideas, new innovati
that relationship defines the shape of the global economy. is the largest trade investment partner for almost all other countries in the global economy, that speaks of the power and potential. anhave been very happy from irish perspective to see the high level report produced between the eu and the u.s. in terms of potential. i spoke to the president after his reelection. he addressed the matter in his state of the union address and last week, the european council gave a very positive...
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economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not aillion people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial system in europe but potentially for the u.s. >> randy, one thing that everyone wants to know at this point is how healthy or unhealthy is the u.s. economy? how far off are we from full health? >> alas i think we're pretty far om fl health. we've seen some green shoots in the spring. actually as we've seen in 2010 and 2011, with a little bit more job growth, a little bit more retail consumption. more stabilization of the housing market but we still have these big risks. the fiscal follies in the u.s. are not an
economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not aillion people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial...
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it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs because it's going to help grow the economy. what we need from the president and what we need from the senate democrats is a plan to join, to join us in this effort to -- that's going to help improve the lives of americans all across his country. >> a few c.p.a.'s in this town, you are going to be hard-pressed to find a bigger tax budget or economic geek than me. there's nothing i enjoy more than having a discussion about debt to equity ratios and 302-b allocations and the difference between getting to primary balance as opposed to actually alancing the budget. i have been told normal peo
it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs...
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falling behind china in the global economy. that's your book right there. i told you the title is not one that you will forget. if you have little ears, cover them. how is it going right now? there are sensitive issues on the agenda. >> it's an extremely sensitive time and it's important that the first foreign dignitary that president jinping since last september when defense secretary panetta made a trip. >> that's not frequent enough for you? >> that relationship management is nowhere intense enough. by the way, it's important to note that the first foreign trip that president xi is making is to russia with president putin. we have to build a dialogue. this hacking thing has gotten serious for three reasons. one, the number of hacks have grown dramatically. >> and you trace it to china? >> yes. >> and number two, the severity of where they are going. they have literally tried to hack into pipeline companies, in our national grid. and third, to the point you make, there are very direct pointing to groups like the comet group in shanghai and the chinese pla
falling behind china in the global economy. that's your book right there. i told you the title is not one that you will forget. if you have little ears, cover them. how is it going right now? there are sensitive issues on the agenda. >> it's an extremely sensitive time and it's important that the first foreign dignitary that president jinping since last september when defense secretary panetta made a trip. >> that's not frequent enough for you? >> that relationship management...
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i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immediately right there. so it's two underpinnings. almost like when greece was doing smo of the same things. >> but you say it matters because it could spread elsewhere? >> just the thought that somebody thought this was a good idea is scary enough to me, i would think. but it's going to be one of those things. we'll have to watch and see how it folds out. but i've got a feeling it will have to turn itself around fairly quickly. >> michael, what do you think? have you changed any of your behavior in terms of allocating capital, as a result of what we've seen in the last 48 hours? >> no, not really, maria. i still think that cyprus is certainly something to watch. but i think it's just part of the negotiation process, exactly what's happening in greece. we have to watch and see if it accelerates and this idea sweeps around europe, but i doubt that's going to happen. i actually think that europe is starting to presen
i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immediately right there. so it's two underpinnings. almost like when greece was doing smo of the same things. >> but you say it matters because it could spread elsewhere? >> just the thought that somebody thought this was a good idea is scary enough to me, i would think. but it's going to be one of those things. we'll have to...
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this could send the already fragile european economy into chaos the bail out levy is unjust shortsighted and dangerous cypriots for should fight tooth and nail against it they should not have to suffer for crimes they did not commit this is obvious to me as should be obvious to you so why did the e.u. come up with such a foolish plan and what are its broader ramifications for the european and global economies let's ask richard wright esko senior fellow at the campaign for america's future richard walker. thanks tom good to be back thanks for joining us the e.u. and the i.m.f. are mandating levies of nine point nine and six point seven five percent on these separate bank accounts as part of their bailout deal. what genius came up with this stupid idea. you know we don't know exactly who came up with it but we know that this is what this was what the troika want a trike of being in the european union and the i.m.f. basically. but here is you know one glimpse into the mind set behind it well and that was really disturbing was a mom. you know it was that had a pimco very well connected in th
this could send the already fragile european economy into chaos the bail out levy is unjust shortsighted and dangerous cypriots for should fight tooth and nail against it they should not have to suffer for crimes they did not commit this is obvious to me as should be obvious to you so why did the e.u. come up with such a foolish plan and what are its broader ramifications for the european and global economies let's ask richard wright esko senior fellow at the campaign for america's future...
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this is the third smallest member of the eurozone, the third smallest economy in the eurozone. nobody expected this to be the center, the crux of the eurozone financial woes, but now it is. many say cypress sleepwalk into the problem. all the warning signs are there, but nobody heeded them. this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single currency -- a radical recalculation to try to stabilize the entire single currency. >> thank you. if you thought the euro crisis was over, it may be time to think again. let's go to syria where there is a confused picture over a potentially dangerous development tonight. the syrian government and rebe
this is the third smallest member of the eurozone, the third smallest economy in the eurozone. nobody expected this to be the center, the crux of the eurozone financial woes, but now it is. many say cypress sleepwalk into the problem. all the warning signs are there, but nobody heeded them. this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and...
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the economy may be improving. the problem for president obama is his approval rating is not. 47% of americans approving. doug shaw is here to answer that. a record-breaking run last week. you have home production neared the unemployment rate falling. >> first of all, we have dysfunction in washington. we do not have a budget deal. economic growth was tested in the fourth quarter. there is no sign that it is reviving. there really is no revival on main street. connell: is there something politically bad be done? is there something they are not doing right? shouldn't they be better able to take advantage of the perfect stock market and little bit better economic numbers? i think the president is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit
the economy may be improving. the problem for president obama is his approval rating is not. 47% of americans approving. doug shaw is here to answer that. a record-breaking run last week. you have home production neared the unemployment rate falling. >> first of all, we have dysfunction in washington. we do not have a budget deal. economic growth was tested in the fourth quarter. there is no sign that it is reviving. there really is no revival on main street. connell: is there something...
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meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is this? and rick suggests that more americans are taking advantage of the underground economy, earning and spending cash off the books to avoid taxes or other regulations. rich is with us know. the chief been the correspondent for u.s. news and world report. at it the worst kept secret in the nation there is an enormous underground economy where people get paid cash and don't get benefits. it's a cash world. >> some of that is a constant. we know about landscape workers and nannies and illicit operators like drawing dealers and bookies who work in the dark economy. but t
meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is...
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in the global economy and the u.s. economy. the security of our allies whether in the middle east or further afield, you know, frankly, on every continue innocent depend in many ways -- continent depend in many ways on energy prices, food prices and so fort. so i think our independence of supply will be excellent, but it really won't diminish the interests we have in the middle east. i, frankly, don't hear a lot of concern about that when i go to the region. i hear much more about it here, frankly. >> very good. well, thank you, dennis, david, and mike. thank you for your presentations, and thank you all for joining us today. and, please, look out on your, um, on your e-mails for, again, the release of this strategic transition paper, obama ii in the middle east by dennis and jim jeffrey and for what i'm sure will be the written analysis of the president's trip that my colleagues will be producing, um, and will be transmitting to you probably as he's flying home. so thank you all very much for joining us today. bye-bye. [applau
in the global economy and the u.s. economy. the security of our allies whether in the middle east or further afield, you know, frankly, on every continue innocent depend in many ways -- continent depend in many ways on energy prices, food prices and so fort. so i think our independence of supply will be excellent, but it really won't diminish the interests we have in the middle east. i, frankly, don't hear a lot of concern about that when i go to the region. i hear much more about it here,...
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if consumer demand increases, the economy will grow, and if the economy grows, the deficit will decline and so too will our debt as a percentage of g.d.p. this is decision time in america, and clearly the best decision that we can make is a balanced approach to dealing with our economic problems today. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> we began providing televised access to the every day workings of congress and the tell -- and the federal government. c-span, created by table companies -- cable companies. >> on c-span we will take you live to capitol hill where the senate armed services committee is holding a hearing with the top military officials. in a are looking into budget requests from the military command. last week chuck hagel announced they will spend $1 billion in addition to add 14 interceptors on the west coast to the u.s. defense system. >> what more can and should the united states do in your command and others? >> if you are speaking about drugs, more assets. locating, weood at understan
if consumer demand increases, the economy will grow, and if the economy grows, the deficit will decline and so too will our debt as a percentage of g.d.p. this is decision time in america, and clearly the best decision that we can make is a balanced approach to dealing with our economic problems today. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> we began providing televised access to the every day workings of...
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has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take care, maria. >> what do you think? we're finishing positive here. this market doesn't want to go up? you think some of that's short covering? >> i think that's what we're see right now. finishing up the day. right now people will have to play it cautiously. we haven't seen the end of the cyprus thing. we have some negotiating going on from russia. the impact of that, as you mentioned, is a little minor relative to the size and scope of them, but it's whether or not that moves into italy, spain, as we've all been talking about. >> the contagion. thanks, terry, good to see you. looks like we will finish posit
has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take...
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we're not talking about absolute devastation in the economy. when we've gotten to the point where yoga pants are a big problem maybe we are getting better. >> all right. thank you very much for being here. >>> lululemon had to dump $20 million worth of yoga pants because they were see through and today's hash tag, you're it. let's come up with a slogan for all those too sheer lululemon pants. here's mine. come for the fitness. stay for the hr complaint. send us your idea, your suggestion. tweet us at the lead cnn. use the hash tag lulu slogan. also, you've been waiting six years for it. now justin timberlake's new album is here. you're not that excited about it? neither is marco rubio. my interview with the republican senator is next. we'll talk immigration, foreign policy, and jams in the politics lead. ♪ wireless is limitless. [ female announcer ] from finding the best way... ♪ to finding the best catch... ♪ wireless is limitless. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, inf
we're not talking about absolute devastation in the economy. when we've gotten to the point where yoga pants are a big problem maybe we are getting better. >> all right. thank you very much for being here. >>> lululemon had to dump $20 million worth of yoga pants because they were see through and today's hash tag, you're it. let's come up with a slogan for all those too sheer lululemon pants. here's mine. come for the fitness. stay for the hr complaint. send us your idea, your...
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i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple. >> because of europe, i think multiples are ephemeral things. they sort of come and go and it's what we think at any given time. earnings are earnings >> in terms of the sectors that will lead us to 2000. by the way, i'm curious, how often do you make projects that go so far and how often are they close to reality? >> i changed them by the time we get there. >> oh, good man. to be honest it's not that far. it's the end of next year and it's not a seven-year projection and we are pushing it to get there. it's a symbolic thing and we're trying to show that the marke
i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple....
SFGTV2: San Francisco Government Television
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Mar 19, 2013
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as many framers roofers and home inspector and is then that has a booying fantastic on the overall economy having said that i'm not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you's you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where they were before but if you look at where we are from the low point until where we are today, san francisco is looking a little bit better and oakland is not a member city and they randomly take 20 cities that are plead broadly representative of the housing market and san francisco is the second line on here and posted as one of the naysest paces of recovery and so we get some help from residential construction and we also get help from securelier spending this is what i'm showing here and this is the debt service ratio and it's an interesting concept if says if you add up my mortgage payment and car
as many framers roofers and home inspector and is then that has a booying fantastic on the overall economy having said that i'm not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you's you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where...
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they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a twinkie bought by me when they are back on the shelves. what is going on with chesapeake energy? the stock is moving. nicole: did you actually say you are going to buy something for somebody should mark that should be the headline right there. chesapeake being cut today to an under performer. making available $2.3 billion this move for chesapeake energy under some pressure. stuart: the situation of cyprus. it is scaring people. how confident are you in this country's banks? we have some numbers for you coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles
they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a...
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you are bullish on the economy. i want to be there, and there's a mixed bag here, unemployment, 7% to 8% range, forecasted for the year. housing, a little bit of a concern here from economists that the housing market is ahead of itself, but, still, bullish on the u.s. economy, so explain that. >> yes, thanks, cheryl. we are bullish on the u.s. economy, housing continues to come back. you saw the numbers today, but, you know, it's still 15, 20, 25%, spending where you are, in the u.s. 30% where it was at its peak. you know, household formation in the last few years has been delayed because of americans deciding to live with their parents, essentially, but population growth continues. bullish on the housing market driving quite of other consumer demand. cheryl: are you changing your asset allocation mix now? is that something you're in the midst of doing, especially on a day like today and yesterday when there seems to be a lot of money moving around, not a lot of new money, but money moving nonetheless. >> we're not
you are bullish on the economy. i want to be there, and there's a mixed bag here, unemployment, 7% to 8% range, forecasted for the year. housing, a little bit of a concern here from economists that the housing market is ahead of itself, but, still, bullish on the u.s. economy, so explain that. >> yes, thanks, cheryl. we are bullish on the u.s. economy, housing continues to come back. you saw the numbers today, but, you know, it's still 15, 20, 25%, spending where you are, in the u.s. 30%...
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i didn't run a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of assaulting it with a half a billion dollars appropriated to planned parenthood in a single year. that's gotta go. obamacare has got to go. [cheers and applause] we can't let up on obamacare and believe that somehow we're going to capitulate to that side because the roads are vitality, and it is an unconstitutional taking of god-given american liberty, and it's got to go. [cheers and applause] ronald reagan omelet me down a couple -- only let me down a couple of times in eight years. one of those was 1986, and i still had the dent after i heard on the news he had signed the amnesty act of 1986. but it w
i didn't run a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of...
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the big policy shift or abe-onomics is giving aus view of the japanese economy. we think that the current stance and the shift at the boj with the new governor taking place later this week is clearly the best opportunity japan has had in the last 15 years to get rid of deflation and i think in that sense we are staying with the market momentum which is very constructive on japan. that is our biggest overweight. >> regional equities. >> we'll leave it there. valentin, appreciate your time today. >> i had mentioned as well the u.s. stocks. here is a look at futures. we saw it in cypriot banks, cypriot stocks reopen not happening. they will be staying closed until at least thursday. largely looking down on the dow by 14 points. the nasdaq and the s&p pointing higher when it did emerge that cypress wouldn't be voting and not approving the terms of the bailout last night. we're still waiting for the final confirmation on the timing of that vote. not so much market nervousness here. the ftse cnbc global 300 is down by 0.1%. as we look at major european markets, the fts
the big policy shift or abe-onomics is giving aus view of the japanese economy. we think that the current stance and the shift at the boj with the new governor taking place later this week is clearly the best opportunity japan has had in the last 15 years to get rid of deflation and i think in that sense we are staying with the market momentum which is very constructive on japan. that is our biggest overweight. >> regional equities. >> we'll leave it there. valentin, appreciate your...
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tax base of the economy is not very large at all. by contrast spain and italy have much larger tax bases. that is where you would go for help if you needed it in spain and italy, you go to the tax base, not to the banks. tracy: that's a good question. last question overseas, if cyprus can't get it together, right now they look like the gang that can't shoot straight, and they default and go bankrupt, play that out. what happens here at home? >> well, that's sort of the scenario that investors have been afraid of now for several years and that the europeans have worked hard to try to avoid with greece but a split in the eurozone sets the precedent that if one country can leave, at some point any other country could leave, possibly even germany. tracy: right that. >> would return us possibleryly to the days of last summer and summer before we had large pullbacks and markets around the world including this country. tracy: my birthday is in the summer and i think it coincided. talk about investment opportunities around the world. you hav
tax base of the economy is not very large at all. by contrast spain and italy have much larger tax bases. that is where you would go for help if you needed it in spain and italy, you go to the tax base, not to the banks. tracy: that's a good question. last question overseas, if cyprus can't get it together, right now they look like the gang that can't shoot straight, and they default and go bankrupt, play that out. what happens here at home? >> well, that's sort of the scenario that...
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economy i still peoples money that have global do a. good thing.
economy i still peoples money that have global do a. good thing.
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economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more about the fastest way to reduce the deficit is to grow the economy. >> right. arianna is going to be sticking around. we'll continue this conversation after a short break. >> coming up, mindful leadership. today's corporate leaders will try to increase innovation, productivity and wellness among employees. and money madness is here. we're looking at some of the most widely held stocks and letting you know which will come out at the end of the year. and two mobile giants. "squawk box" will be right back. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ a
economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more...
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i don't think they've seen enough evidence yet that the economy's firm. and thus ready to pull back. >> when you look at what the fed, very different thing. if you look at what he's likely to do as he goes i guess through the rest of the year and potentially retire, do you think he starts to get positive on the economy just because he wants to say i told you so? >> no. that's not the way he works. what you have now is really a bifurcated economy. growth in the first quarter isn't that bad. private sector employment has gone over 200,000, so that seems to be picking up steam, but at the same time, fiscal policy the tightening and could hold growth back. i don't think he feels any need to beat his chest at this point. >> at the same time, we had a flurry of wall street firms revise their gdp estimates for the quarter. based on that surprise retail sales numbers. >> they're going to be updating their forecasts and i think they're going to be in the two directions. they should be more upbeat about the private sector growth and that creates an upward pull on g
i don't think they've seen enough evidence yet that the economy's firm. and thus ready to pull back. >> when you look at what the fed, very different thing. if you look at what he's likely to do as he goes i guess through the rest of the year and potentially retire, do you think he starts to get positive on the economy just because he wants to say i told you so? >> no. that's not the way he works. what you have now is really a bifurcated economy. growth in the first quarter isn't...
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it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account.
it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to --...
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, the global economy hostage. it is a very strange calculation. that's why i would have wished that we would have taken a firmer stance with all these expiring tax provisions to be able to fashion something that would been bolder, that would have solved more problems, and would not have created 3 new fiscal cliff. host: deborah in richmond, virginia, a democrat, our last caller. caller: good morning. one.k your top caller: how come medicare cannot bargain on products and services? guest: i personally think that the largest consumer of pharmaceutical products in the world, medicare, should have been able to obstruct a better deal, like we do for the veterans department, which it was able to save money. we were expanding the universe of people who were taking prescription drugs. they stood to make a lot of money. i'd think there were ways to strike a better deal. i think it was a mistake. host: congressman earl blumenauer, democrat of oregon, thank you for talking to our viewers. guest: thank you. host: next, will t
, the global economy hostage. it is a very strange calculation. that's why i would have wished that we would have taken a firmer stance with all these expiring tax provisions to be able to fashion something that would been bolder, that would have solved more problems, and would not have created 3 new fiscal cliff. host: deborah in richmond, virginia, a democrat, our last caller. caller: good morning. one.k your top caller: how come medicare cannot bargain on products and services? guest: i...
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it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. nee right now, we not only have a jobs problem. neil: i think it should be your highest priority. >> it is important for us to look -- >> okay, i understand. >> i don't know why we're again saving the world. neil: i'm not again saving the whales and birds, i'm i wan
it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus...
SFGTV: San Francisco Government Television
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we have the most important economies in the world. this building, this facility and this team and this team are a regional asset to the economy. to bring the super bowl here would be a regional effort with regional benefits. we are excited about it and happy to participate and looking forward to our hotels, restaurants, facilities for people who are visiting san francisco and santa clara and other cities around the area. super bowl 50, i don't care, we'll take either one. we have a great team put together to make that happen. it will take a lot of collaboration and we in san jose as well as san francisco and santa clara are committed to making it happen. [ applause ] so i'm daniel to committee chair, thank you mayor lee, he approached me and said we have to shine a light on san francisco and the entire bay area. the next call were to mayor matthews, mayor read, we also have officials from oakland. this is going to take a unified approach. we are up against a very tough competitors and south florida. miami has hosted. they know how to
we have the most important economies in the world. this building, this facility and this team and this team are a regional asset to the economy. to bring the super bowl here would be a regional effort with regional benefits. we are excited about it and happy to participate and looking forward to our hotels, restaurants, facilities for people who are visiting san francisco and santa clara and other cities around the area. super bowl 50, i don't care, we'll take either one. we have a great team...
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high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised prima
high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in...